The announcement of the highly anticipated 14-point memorandum of understanding (MOU) by both the US and Iran on Sunday could bring relief to the LNG market. But market players warned details are still lacking and are eyeing the formal signing of the agreement on Jun. 19 that would formalize the reopening of the Strait of Hormuz and extend the current ceasefire by 60 days.
US-Iran MOU: LNG Players Remain Cautious
LNG market players are keeping a close eye on the expected MOU signing on Friday, as they look for more certainty on the reopening of Hormuz.
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